SQUID officially left the game. These, amongst others, are some of the reactions to what happened moments ago to one of the most widely-discussed tokens for the past couple of days – Squid Game (SQUID).
The SQUID price tanked today – it’s down 99.99%, according to CoinMarketCap.
The price of the cryptocurrency dropped from above $2,800 to $0.005 in a single red candle, indicating that what many thought to be inevitable happened – the project got rugged.
A rug pull means that people behind it – usually the team of developers – use a backdoor in the code that allows them to remove the liquidity and make away with the profits.
In any case, the warning signs were there all along. As CryptoPotato reported earlier on Saturday, the SQUID price made the entire business model absolutely senseless.
Moreover, CoinMarketCap themselves put up a banner that warned of the high risks of investing in this particular token which read:
We have received multiple reports that users are n
We współpracy z: https://cryptopotato.com/squid-game-pulls-the-rug-squid-price-crashes-99-99/
